Foxconn stands by $10 billion Wisconsin project

Published: May. 23, 2018 at 10:41 AM CDT
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Foxconn Technology Group says it remains committed to a $10 billion project in Wisconsin.

The Taiwan-based company reacted Wednesday to a report in the Nikkei Asian Review that said it was considering shifting the focus of what is made at the facility to reduce initial costs for the $10 billion complex.

The newspaper says Foxconn was looking at producing small to medium-sized display panels for Apple, carmakers and others rather than larger display screens as originally planned.

The report cites unnamed sources who were familiar with the plans.

Foxconn told the newspaper that it remained "fully committed to this significant investment" in the U.S. and that plans to eventually invest $10 billion total had not changed.

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